CADJPY BUY IDEACADJPY in a bullish trend, therefore looking for buying opportunities. I see a inverted H and S pattern that i like, but see the engulfing candlestick patten that could potentially have the market dip a little lower than inverted entry. Theres 2 entries; the inverted or a 15 pip difference at the W and engulfing pattern. Im taking the buy trade off of the W for a later entry however should still see profit if you choose the earlier entry!
- PGP :)
Cadjpylong
Cad/Jpy bounce backTrade Idea for CADJPY
Bias: Very Bullish
Overall Score: 9
Commitment of Traders (COT) Bias: 3
Institutional traders are showing a robust bullish sentiment towards CADJPY, indicating a forecast of continued upside.
Retail Sentiment: 1
Retail traders appear to be bearish on CADJPY. Given the tendency for retail traders to often be on the losing side, their bearish sentiment serves as a contrarian bullish signal for us, supporting our bullish view.
Seasonality: 1
Current seasonal trends favor a bullish momentum for CADJPY.
Trend Reading: 2
CADJPY is on an upward trajectory, further underscoring the bullish momentum.
GDP Growth: -1
A slight negative in GDP growth, but the dominant bullish indicators more than compensate for this.
Inflation: 2
Inflation metrics are aligning favorably, adding to the bullish outlook.
Unemployment: 0
Unemployment figures are neutral and do not sway our primary bullish perspective.
Interest Rates: 1
Interest rate dynamics are pointing to CADJPY strength.
Additional Factor: Increasing Oil Prices
Canada's role as a major oil exporter means rising oil prices often buoy the CAD. This backdrop solidifies our bullish stance on CADJPY.
Conclusion: With a mix of strong bullish indicators, particularly the COT bias, retail sentiment (considered contrarily), trend direction, and rising oil prices, CADJPY appears poised for bullish movement.
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CADJPY H1 / POSSIBLE SHORT OPPORTUNITY UNTIL THE PRICE 106.500✅ Hello Traders!
This is my perspective for CADJPY H1. Taking into consideration that JPY Basket is now very strong, I expect a bearish move until the price of 106.500. Below we have a strong resistance level at the price of 106.200 with aproximations.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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CADJPY - Potential short ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking only for shorts. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 107.000.
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CADJPY 45M, LONG OPPORTUNITY ✅ Hello Traders!
This is my perspective for CADJPY on 45M. I see a good opportunity to enter long for a short term. In the long term, I see a retracement from the OB at the price of 107.200.
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Exploring the Impact of CBDC on Forex Trading in CanadaI am reaching out to discuss an intriguing topic that has been gaining significant attention in the financial realm: the potential impact of Central Bank Digital Currency (CBDC) on forex trading in Canada.
As you may be aware, the introduction of CBDC has sparked numerous discussions and debates among forex traders. The purpose of this idea is to delve into the concerns raised by these traders and shed light on how the implementation of CBDC could potentially affect their trading strategies, market liquidity, and overall dynamics of the forex market.
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In conclusion, the potential implications of CBDC on forex trading in Canada have raised valid concerns among traders. The impact on trading strategies, market liquidity, and overall forex market dynamics are critical factors that need to be carefully considered. Understanding these concerns and their potential consequences is crucial for traders and policymakers alike.
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CadJpy long position analysisAs we're in a bullish trend so I'm waiting for price to come to this level and then go long.
Here is two setup, one with wider SL and another with smaller SL.
For a better trade I'll wait for more confirmation with a CHoCH in lower TF like 5min.
Lets see what will happen...
Good luck.
CADJPY LONG TERM TRADING IDEAHello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CADJPY - Looking To Buy Pullbacks In The Short TermH4 - Price bounced higher from a key support zone.
Most recent downtrend line breakout.
H1 - Bullish convergence.
Currently it looks like a pullback is happening.
Until the key support zone holds I expect the price to move higher further after pullbacks.
CADCHF Long Term Trade Greetings, fellow traders! It's time to dive into a comprehensive analysis of the situation, and there's a noteworthy addition to our story. Pay close attention to the current price levels, as a compelling buying opportunity may be unfolding. Best of luck to all of you! There's an excellent chance for a favorable buy position on CAD/CHF.
I've dedicated my utmost effort to this analysis, and as of the moment, this is the scenario that appears most probable to me. What's even more intriguing is the bullish divergence I spotted on a support zone, adding a significant layer of confluence to this analysis. This divergence is like the unexpected twist in the plot that can often lead to exciting developments in the story.
If you find merit in this outlook, show your support with a like, and don't forget to follow my profile for more updates.
To my fellow traders, if you find this analysis intriguing or have your unique perspective on it, please share your thoughts in the comments. Your insights are greatly appreciated .
Remember, patience is key. Should you have any questions or seek further clarification, feel free to ask. I'm here to assist ❤️
CADJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity CADJPY
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CADJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Daily Wave Rider - CADJPY - BUY CADJPY
Channel: GREEN
WK Pivot: GREEN
AOB: WP
CON: SBB
BUY Stop: 109.946
Stop Loss: 109.150
TP01: 110.742
TP02: 112.334
DWR present as a buy setup on 18 OCT, with Channel and Pivot are green bouncing off weekly pivot
Trade is taken as OIL looks like
SPX500: SELL
DXY: SELL
OIL: SELL
GOLD: BUY
CADJPY Recovery of currency exchange after inflationBanks and financial institutions buy and sell currencies with each other - these large institutions are the 'market' and the rate they trade at is the 'market rate'. The difference between the amount being bought and sold is the spread, which is essentially the difference between the buy and sell price.
However, when currency is sold by banks to retail customers, the spread increases significantly and the profit from the transaction is therefore significantly larger.
Therefore, when we focus on money transfer fees when sending money abroad, we often ignore the biggest cost: exchange rate differences.
CADJPY LONG TERM TRADING IDEAHello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CADJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill that huge imbalance lower and then to reject from bullish order block.
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Daily Wave Rider - CADJPY - BUYCADJPY
Channel: GREEN
WK Pivot: GREN
AOB: WR1
CON: IB
BUY Stop: 110.905
Stop Loss: 110.425
TP01: 111.385
TP02: 112.345
DWR present as a buy setup on 29SEP, with Channel and Pivot are green bouncing off weekly resistance line
However, trade is not taken/considered as analysis shows OIL is heading on the downside this week
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL